Which of the following statements about the FDIC is correct?
I. The deposit insurance premiums charged by the FDIC to a member bank fully reflect the riskiness of that bank's assets
II. The manner in which the FDIC is set up helps protect depository institutions from the rigors of true market competition
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Answer: B) II Only
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Which of the following is not a common property?
A) a city park B) a main street C) a public beach D) a movie screening
A decrease in the price level will _____
a. shift the consumption function upward b. shift the consumption function upward c. result in an upward movement along the consumption function d. result in a downward movement along the consumption function e. shift the consumption function downward
What is the phase of the business cycle when GDP reaches its maximum point?
If 50 percent of the population in a country is employed and average labor productivity equals $30,000, then real GDP per person equals:
A. $50,000. B. $30,000. C. $60,000. D. $15,000.